Can I retire at age 64 with 4,100,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $4,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$338,574$335,558$332,616$329,744$326,940$323,525
2 years$167,611$164,489$161,464$158,531$155,686$152,247
3 years$110,631$107,496$104,478$101,572$98,773$95,418
4 years$82,146$79,021$76,033$73,177$70,446$67,199
5 years$65,060$61,953$59,005$56,207$53,552$50,423
6 years$53,673$50,589$47,685$44,949$42,374$39,367
7 years$45,542$42,485$39,626$36,955$34,461$31,577
8 years$39,447$36,417$33,606$31,001$28,589$25,828
9 years$34,709$31,708$28,945$26,406$24,076$21,437
10 years$30,921$27,949$25,235$22,762$20,514$17,995
11 years$27,823$24,881$22,216$19,810$17,643$15,242
12 years$25,244$22,332$19,716$17,376$15,289$13,004
13 years$23,063$20,182$17,615$15,340$13,332$11,160
14 years$21,195$18,345$15,827$13,617$11,687$9,625
15 years$19,578$16,758$14,290$12,144$10,290$8,335
16 years$18,165$15,375$12,956$10,874$9,094$7,243
17 years$16,918$14,160$11,790$9,770$8,064$6,313
18 years$15,812$13,085$10,762$8,805$7,170$5,516
19 years$14,823$12,127$9,852$7,956$6,391$4,830
20 years$13,935$11,269$9,042$7,206$5,708$4,237
21 years$13,132$10,496$8,317$6,540$5,108$3,723
22 years$12,402$9,798$7,665$5,946$4,579$3,276
23 years$11,738$9,164$7,078$5,415$4,110$2,886
24 years$11,129$8,586$6,546$4,939$3,694$2,545
25 years$10,570$8,057$6,062$4,510$3,324$2,246
26 years$10,055$7,573$5,623$4,124$2,994$1,985
27 years$9,579$7,127$5,221$3,775$2,700$1,754
28 years$9,138$6,716$4,854$3,459$2,436$1,552
29 years$8,728$6,335$4,517$3,172$2,200$1,374
30 years$8,346$5,983$4,207$2,911$1,988$1,217
31 years$7,989$5,656$3,922$2,673$1,797$1,078
32 years$7,655$5,352$3,660$2,457$1,625$955
33 years$7,342$5,068$3,417$2,259$1,471$847
34 years$7,049$4,803$3,193$2,079$1,332$751
35 years$6,772$4,556$2,985$1,914$1,206$666
36 years$6,512$4,324$2,792$1,762$1,093$591
37 years$6,266$4,107$2,614$1,624$991$525
38 years$6,034$3,903$2,447$1,497$898$466
39 years$5,814$3,712$2,293$1,380$814$413
40 years$5,605$3,531$2,149$1,273$739$367
41 years$5,408$3,361$2,015$1,174$670$326
42 years$5,220$3,201$1,890$1,084$608$289
43 years$5,041$3,050$1,774$1,000$552$257
44 years$4,871$2,907$1,665$924$501$228
45 years$4,709$2,773$1,563$853$455$203
46 years$4,555$2,645$1,468$788$413$180
47 years$4,408$2,524$1,380$728$375$160
48 years$4,267$2,410$1,296$673$341$142
49 years$4,132$2,301$1,219$622$309$126
50 years$4,003$2,198$1,146$575$281$112

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $4,100,000, adding $3,268 every year, while hoping to spend $29,508 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 86/9/5 Blend
63$4,100,000$4,100,000$4,100,000$4,100,000
64$4,521,571$4,304,271$4,240,721$4,910,372
65$4,951,375$4,483,784$4,351,389$5,343,634
66$5,424,030$4,671,104$4,464,775$5,815,216
67$5,943,876$4,866,583$4,580,940$6,332,437
68$6,515,693$5,070,588$4,699,943$6,899,869
69$7,144,751$5,283,503$4,821,848$7,522,542
70$7,836,853$5,505,732$4,946,718$8,205,999
71$8,598,394$5,737,696$5,074,615$8,956,344
72$9,436,421$5,979,834$5,205,606$9,780,300
73$10,358,699$6,232,608$5,339,756$10,685,273
74$11,373,781$6,496,501$5,477,133$11,679,419
75$12,491,094$6,772,017$5,617,804$12,771,722
76$13,721,025$7,059,685$5,761,840$13,972,080
77$15,075,017$7,360,057$5,909,309$15,291,395
78$16,565,682$7,673,713$6,060,284$16,741,676
79$18,206,914$8,001,258$6,214,836$18,336,153
80$20,014,025$8,343,325$6,373,039$20,089,402
81$22,003,887$8,700,580$6,534,968$22,017,478
82$24,195,091$9,073,715$6,700,696$24,138,069
83$26,608,121$9,463,458$6,870,301$26,470,664
84$29,265,553$9,870,571$7,043,859$29,036,731
85$32,192,259$10,295,849$7,221,448$31,859,924
86$35,415,651$10,740,127$7,403,148$34,966,302
87$38,965,932$11,204,277$7,589,038$38,384,579
88$42,876,384$11,689,214$7,779,198$42,146,386
89$47,183,685$12,195,895$7,973,710$46,286,577
90$51,928,248$12,725,322$8,172,657$50,843,554
91$57,154,610$13,278,542$8,376,121$55,859,626
92$62,911,845$13,856,656$8,584,186$61,381,412
93$69,254,033$14,460,812$8,796,937$67,460,278
94$76,240,768$15,092,216$9,014,458$74,152,818
95$83,937,718$15,752,126$9,236,834$81,521,394
96$92,417,250$16,441,865$9,464,153$89,634,716
97$101,759,108$17,162,815$9,696,500$98,568,495
98$112,051,167$17,916,422$9,933,963$108,406,154
99$123,390,263$18,704,205$10,176,628$119,239,616
100$135,883,109$19,527,750$10,424,584$131,170,166